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GoZero Group, formerly known as TrueGreen Impact Group, was founded in 2019 and rebranded in 2023. The organization operates as a venture studio, focusing on sustainable investment and impact-driven initiatives. With a fund size of $110 million, GoZero Group actively builds and manages its own portfolio companies rather than making passive investments. The firm is headquartered in Australia and emphasizes supporting Australian-owned companies, particularly in the sectors of energy, climate, biotech, and healthcare.
GoZero Group's mission centers on promoting sustainable practices and supporting initiatives that align with environmental impact. The organization has made notable strides in the electric vehicle sector, particularly through its partnerships and investments in companies like Nexport Mobility Group, the largest supplier of electric buses in Australia. The firm also aims to reintroduce advanced manufacturing in Australia and actively funds Indigenous enterprises through its ISCA group.
GoZero Group invests primarily in sectors related to sustainability, with a strong emphasis on zero-emission transport and electric vehicle manufacturing. The organization seeks to foster innovation in green building manufacturing and renewable energy. Their investment strategy is designed to generate positive environmental and social outcomes, with a notable commitment to funding Indigenous enterprises. GoZero Group's thesis focuses on projects that yield above-market economic returns while delivering significant environmental and social benefits.
The firm typically engages in active management of its portfolio companies, leveraging its expertise and strategic partnerships to drive growth and innovation. GoZero Group's investment criteria include a preference for Australian-owned companies and projects that align with their mission of promoting sustainable practices. The organization also emphasizes collaboration with Indigenous industries, aiming to support initiatives that contribute to both economic and social development.
GoZero Group's portfolio includes several notable companies that align with its focus on sustainability and impact-driven initiatives:
These companies exemplify GoZero Group's commitment to fostering innovation in the electric vehicle sector and promoting sustainable practices across various industries.
Kirk Tsihlis: Founder of GoZero Group, established the organization in 2019. He has a background in sustainable investment and impact-driven initiatives.
Luke Todd: CEO of both GoZero Group and Nexport Mobility Group. He has played a significant role in advancing electric vehicle manufacturing in Australia.
GoZero Group runs a program under its own name, focusing on sustainable investment and impact-driven initiatives. This program emphasizes supporting Australian-owned companies and projects that promote sustainability, particularly in the climate sector. Eligibility typically includes startups and initiatives that align with GoZero Group's mission of generating positive environmental and social outcomes.
To apply, interested parties should reach out through professional networks or industry events, as specific application processes are not publicly detailed.
In February 2025, it was announced that GoZero Group will be acquired by hydrogen holding company United H2 Limited. This acquisition marks a significant transition for the organization, which rebranded from TrueGreen Impact Group in 2023.
In July 2021, GoZero Group secured a $110 million funding round from Tor Investment Management to support the growth and IPO path of Nexport Mobility Group. Additionally, the organization announced a $700 million manufacturing plan for electric vehicles in New South Wales, although this plan did not proceed due to a failure to attract government subsidies.
What are GoZero Group's investment criteria?
GoZero Group focuses on sectors related to sustainability, particularly zero-emission transport and renewable energy. They prefer to invest in Australian-owned companies and projects that generate positive environmental and social outcomes.
How can I pitch to GoZero Group?
While specific contact information is not publicly available, founders are encouraged to reach out through professional networks or industry events to establish connections. A well-prepared pitch deck highlighting the sustainability impact and market potential of the startup is essential.
What makes GoZero Group different from traditional venture capital firms?
GoZero Group operates more like a venture studio or ESG accelerator, actively building and managing its own portfolio companies rather than making passive investments. This approach allows them to have a hands-on role in driving growth and innovation.
What is the typical check size for investments?
While specific check sizes are not disclosed, GoZero Group has a fund size of $110 million, indicating a capacity for significant investments in promising sustainable ventures.
What is GoZero Group's post-investment involvement like?
The organization adds value through active management and strategic partnerships, particularly in the electric vehicle sector. They leverage their expertise and connections to support portfolio companies in achieving growth and innovation.
What is the geographic scope of GoZero Group's investments?
GoZero Group primarily focuses on investments within Australia, emphasizing support for Australian-owned companies and initiatives that align with their sustainability mission.
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